Phasecraft Raises $34 million From Plural, Playground Global And Novo Holdings
Insider Brief PRESS RELEASE — Phasecraft, the world’s leading quantum algorithms company, today announced it has raised $34 million in Series B funding to accelerate its breakthrough work to transform quantum computing’s theoretical promise into practical applications. Co-led by Plural, existing investor Playground Global, and Novo Holdings’ Quantum Fund in its first direct quantum software […]
Rigetti and India’s Centre for Development of Advanced Computing Announce MOU to Explore Co-Development of Hybrid Quantum Computing Systems
Insider Brief PRESS RELEASE — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, today announced that it has signed a Memorandum of Understanding (MOU) with the Centre for Development of Advanced Computing (C-DAC), India’s premier R&D organization of the Ministry of Electronics and Information Technology. Through this MOU, […]
U.S. and Indian Investors Launch $1 Billion-Plus India Deep Tech Investment Alliance
Insider Brief A coalition of U.S. and Indian venture capital and private equity firms has launched the India Deep Tech Investment Alliance (IDTA), a new industry group aimed at mobilizing private capital and expertise to support deep tech companies in India while strengthening U.S.-India collaboration, Celesta Capital announced. Founding members include Celesta Capital, Accel, Blume […]
Norway Pledges Over $100 Million (US) to Quantum Technology Drive
Insider Brief The Norwegian government has unveiled a major quantum technology initiative, calling it a “historic initiative for Norway as a technology nation” and tying it to both national competitiveness and security. “Today we are launching a historic initiative for Norway as a technology nation. We know that quantum technology will be of great importance […]
Researchers Demonstrate New Control of Magnon-Photon Hybrids For Quantum Tech
Insider Brief PRESS RELEASE — A recent publication in Nature Physics by researchers at Te Whai Ao — Dodd-Walls Centre for photonic and quantum technologies and the University of Otago has introduced a new method for controlling hybrid systems. Together with the Vienna University of Technology, they’ve created a novel technique that could be applied […]
Q&A: The Race for Growth — Five Years of The City Quantum & AI Summit
Editor’s Note: Over the last five years, The City Quantum and AI Summit, which takes place in the Mansion House in the heart of the City of London, has earned a reputation as a quantum conference that not only keeps its finger on the pulse of the rapidly emerging quantum technology landscape, but also one […]
Norma Completes Quantum AI Algorithm Validation on NVIDIA
Insider Brief Quantum computing company Norma (CEO Hyunchul Jung, www.norma.co.kr) has achieved over 73× faster performance in drug development by running its quantum AI algorithm on NVIDIA GH200 Grace Hopper Superchips. Norma recently tested and validated the performance of its self-developed quantum AI algorithms on the NVIDIA CUDA-Q platform. CUDA-Q simplifies the integration of GPUs […]
The Quantum Economy Podcast: Audacity in EU Quantum with Théau Peronnin and Anders Indset
Insider Brief: In this episode of The Quantum Economy Podcast, Anders Indset speaks with Théau Peronnin, co-founder and CEO of Alice & Bob, about what it will take to build a universal quantum computer, and why Europe must embrace greater audacity if it hopes to lead in quantum. A physicist turned entrepreneur, Peronnin has positioned […]
Algorithm Results in a New Method to Mitigate Noise in Quantum Devices
Insider Brief PRESS RELEASE — Quantum researchers have deployed a new algorithm to manage noise in qubits in real time. The method can be applied to a wide range of different qubits, even in large numbers. Noise is the “ghost in the machine” in the effort to make quantum devices work. Certain quantum devices use […]
French National Quantum Update: August 2025
Executive Summary Europe’s “quantum decade” is unfolding rapidly, with advances in computing, navigation, sensing and communications moving from research to real-world applications — now extending into space. And France is right at the heart of this new era. Getting there, however, will not be easy. Policymakers sound a note of caution. They warn that without […]